The Association of Nonprofit Accountants and Finance Professionals (ANAFP) is the largest professional association dedicated solely to those working in and/or interested in the field of nonprofit accounting and finance. ANAFP works to promote, educate, and foster collaboration for those professionals and to be a resource to the general public on nonprofit accounting and finance matters. |
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Managing Foreign Exchange Risk for Nonprofits More and more nonprofits are operating and/or expanding internationally. Although this expansion is a welcome sign that the organization is growing and expanding services, it also creates a new set of problems -- how to mitigate foreign exchange exposure and prevent unnecessarily losses due to fluctuating foreign currency rates. | Understanding Nonprofit Financial Statements Everyone working in nonprofit accounting and finance, including Board members, should have a strong grasp of reading and understanding nonprofit financial statements. Get a handle on how to interpret the unique way in which nonprofits present these financial reports by downloading ANAFP's guide to understanding nonprofit financial statements. | Fund Accounting: What Is It? The concept of fund accounting is one of the main differences between for-profit and nonprofit accounting. It's important for all nonprofit finance and accounting professionals to understand this key concept as they continue to advance their careers. Read more |
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Many nonprofits receive donated goods and services in lieu of cash contributions which help the nonprofit secure items and services that it may not be able to afford on its own. Learn the accounting implications that the nonprofit must consider when accepting these donated items. |
| Must Your Nonprofit Have an Audit? External financial audits can be expensive; however, your nonprofit may not need an audit. Find out if an audit is required for your nonprofit before you venture down this path, and learn about times when an audit is not only recommended, but required by law. |
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Technology is consistently changing the way business is conducted, and this even applies to how some financial audits are currently and will be conducted in years to come. Learn seven steps for making your organization more technology-driven so you'll not only be prepared for virtual audits, but you'll also improve your organization's systems and processes. |
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Nonprofit Accounting & FinanceNewsKeeping You Current
| Request for Proposal Looking for an accounting firm to assist your nonprofit with an audit and/or annual tax filing? Download ANAFP's Sample Request for Proposal to assist your organization in your search for a new audit firm |
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